Question

1) A basic underlying point in economics is that A) people have unlimited wants in the face of limited resources. B) there are unlimited resources. C) governments should satisfy the needs of the people. D) people have limited wants in the face of limited resources. E) governments should never interfere in the workings of a market economy. With a budget of $200 million, the government can choose to purchase 4 helicopters or repair 200 km of highway. Search and Rescue Helicopters 50 100 150 200 Kilometres of Highway Reconstruction FIGURE 1-1